The cast of heroes and villains in Greece’s ongoing battle to save its economy varies depending on who’s telling the story.
We all know one thing that Greece, Cyprus, and Puerto Rico have in common–severe financial problems. There is something else that they have in common–a high proportion of their energy use is from oil.
Humanity is approaching a time when philanthropy will be more needed than ever, to address proliferating environmental and humanitarian crises. Yet our existing philanthropic model depends upon growth, via returns on financial investments.
Lifting the oil export ban would only perpetuate the problem of over-production. That is no solution to low oil prices, lost jobs or lower oil-related spending.
What follows are the continuance of my research, discussions, observations and thoughts around the nexus of debts, interest rates and the oil price.
Many readers have asked me to explain debt. They also ask: Why can’t we just cancel debt and start over? if we are reaching oil limits, and these limits threaten to destabilize the system.
The new Greek political party, known as Syriza, the Coalition of the Radical Left, has done the unthinkable
We don’t appear to have learnt much from the crash.
Argentina is playing hardball with the vulture funds, which have been trying to force it into an involuntary bankruptcy.
A well known American comedian, Ron White, quips about the amount of sugar Americans eat by suggesting that certain restaurants install a sugar lick. Patrons can “belly up” and take their fill at the trough. Such an analogy might be apropos of some shale operators with regard to their addiction to debt.
Corporatism, with its promotion of competition between individuals over scarce resources and money, laid the ground for individualism and for a heightened concept of the self.
Savings is the diet and exercise of a healthy economy.